Equity Research Report Release

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Monday, March 18, 2019

Tribune Publishing Company (TPCO)

Why Aren't Investors Paying Attention To This Stock?

Tribune Publishing Co, formerly Tronc Inc is a print and online media company that publishes various newspapers and websites, such as The Chicago Tribune, Los Angeles Times, Baltimore Sun, San Diego Union-Tribune, and the Orlando Sentinel. The company creates and distribute content across its media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities.

Refer to full report for price target, fundamental analysis and rating.

First quarter and full year 2019
guidance, much better than expected. Q1 revenue guidance is $235 million to $240
million with adj. EBITDA of $18 million and $19 million, better than
our $212.1 million and $6.5 million estimate, respectively. In addition, full
year 2019 adj. EBITDA guidance of $100 million to $105 million is better
than our $84.9 million estimate. The company will cycle through significant
cost reductions, which largely began in Q4 2018.

Upwardly revised 2019 estimates. We raised our Q1 and full year 2019 estimates. Our first
quarter revenue estimate has been raised from $212.1 million to $235.4 million
and our adjusted EBITDA (cash flow) estimate has been raised fr...

*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.